Shearman & Sterling represented Credit Suisse as the Sole Global Coordinator and Physical Bookrunner in connection with the offering by Dutch Lion B.V., the parent of HEMA B.V. (“HEMA”) of €85,000,000 11.25%/12.00% Senior PIK notes due 2020 (the “Notes”). The net proceeds from the issue and sale of the Notes will be used to refinance existing debt obligations of Dutch Lion B.V. The Notes will be general senior unsecured obligations of Dutch Lion B.V. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on June 17, 2014.
HEMA is a leading general merchandise retailer in the Benelux region, with operations in the Netherlands, Belgium, Luxembourg, France, Germany and Spain. HEMA designs, markets, sells and distributes products through its own stores and its franchisee stores, as well as through its e-commerce platform. HEMA offers an extensive range of products and services to consumers, including apparel, household goods, personal care items, food, insurance and photo processing.